The Financial Express -- Markets

Tuesday, July 29 1997

NSE withdrawal of trade guarantee to be counter productive

The decision of the NSE authorities to withdraw the trade guarantee facility (TGF) is likely to deter institutional investors from transacting business on the exchange as it was largely this assurance which drew investors in hordes to the NSE.

UTI goads Sicom to make public offering

Unit Trust of India has directed Sicom, formerly State Industrial & Investment Corporation of Maharashatra, to consult investment bankers for tapping the capital market in the wake of some buoyancy returning in the secondary market.

Alliance Capital to form a separate trustee firm

Alliance Capital Management plans to convert the board of trustees of its mutual fund in India to a trustee company with 100% foreign equity.

RBI pegs 4-year bonds at 10.85%

Turnaround signs boost Secal's scrip

Market Round-Up -- Call Money

Intra-day short selling on select scrips favoured

Gold reacts, silver hardens further; cotton dips

MARKET

NSE members in Kerala sore over TGF withdrawal

Cash-to-sales ratio of 300 companies below 5%: Crisil

NSE special closing session on Tuesdays

Delayed Russian exports fuel platinum prices